1. #5671
    trobin31
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    Next few days are pretty big for BTC....we've held this trendline since March 2020..every legit bounce to new highs has occurred after reclaiming above Daily 20 SMA....if we fail this likely nukes back to 30k area again

  2. #5672
    trobin31
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    Forgot to mention but they are dragging the trope of crypto exchange CEOs before the house finance committee next week....I don’t think headlines will be good...just a guess lol

  3. #5673
    louisvillekid
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    Quote Originally Posted by trobin31 View Post
    Forgot to mention but they are dragging the trope of crypto exchange CEOs before the house finance committee next week....I don’t think headlines will be good...just a guess lol
    one headline i saw was something like 'The crypto world thought they could pull a fast one on the SEC, but now they want answers." or something like that.

  4. #5674
    louisvillekid
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    [HEAVY META

    How virtual real estate is creating real-world value in the metaverse

    Even though Facebook has gone all in on Meta, most of us aren’t exactly living in the metaverse quite yet (unless you count Zoom meetings). But at least one segment of our future digital universe is attracting some pretty tangible valuations — this past week saw record-breaking NFT real estate sales in virtual worlds like Decentraland and crypto games like Axie Infinity. So why are people shelling out for digital properties? And what exactly is the metaverse? Let’s dig in.

    A plot of virtual real estate in the 3D world Decentraland just sold for $2.43 million, more than doubling the previous record from June. The buyer, Decrypt reports, was an “NFT-based virtual real estate company” called Metaverse Group, which intends to use the property to "facilitate fashion shows and commerce within the exploding digital fashion industry.”
    The NFT game Axie Infinity also set a new record, after “extremely rare” in-game land sold for $2.48 million. The virtual “Genesis” property is highly desirable for its central location on the game’s map and its scarcity — there are only 220 Genesis plots within the game’s 90,601 plots. The trailblazing play-to-earn game, which involves raising and battling Pokémon-like creatures called Axies and earning crypto rewards, was the best-selling NFT collection in the third quarter of 2021, with trade volumes topping $2.5 billion.
    But what is the metaverse, exactly? Depends on who you ask. The word “metaverse” comes from sci-fi pioneer Neal Stephenson’s 1992 cyberpunk novel Snow Crash, and most people seem to agree that the metaverse will one day evolve into an all-encompassing, persistent virtual world like the one that Ready Player One imagines. For now, it’s a catchall term for technologies that point in that direction, including everything from people in Venezuela making a living playing Axie Infinity, to virtual fashion shows in Decentraland, to legacy brands like Nike pursuing virtual goods.
    Why it matters… The metaverse is already seriously valuable territory — a recent report from crypto-fund giant Grayscale pegged the total market value somewhere north of $1 trillion. And with many of the world’s biggest companies making serious metaverse plays, that number seems likely to grow. It’s also worth noting that — despite the recent buzz — immersive digital universes have existed before. As The Wall Street Journal notes: “Some of what’s been said about the metaverse in the past year could be ripped straight from the late 2000s, when proto-metaverse Second Life enabled, for millions of users, much of what is currently claimed as new.”]

  5. #5675
    trobin31
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    Quote Originally Posted by louisvillekid View Post
    one headline i saw was something like 'The crypto world thought they could pull a fast one on the SEC, but now they want answers." or something like that.
    Yeah if we get a giga pump over the weekend I am GG on my trade positions

  6. #5676
    louisvillekid
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    Quote Originally Posted by Optional View Post
    Agree. What was conceived as a tool to money freedom could easily morph into the worst type of Big Brother tracking and control tool ever.

    Hopefully enough people recognize and reject that that it forces the central bankers to create something people can have confidence in not ending up that way.

    Interesting times
    With all the big banks and some major hedge funds all showing huge interest this past year, and creating new branches or departments dedicated solely to crypto, it makes one wonder what's the bigger plan?

    First off: There's nothing stopping them from creating their own blockchain(s) and coins/tokens.

    Second: They could slowly buy up the majority of existing coins/tokens of the most popular ones, either individually or collectively, and then team up to manipulate the prices and slowly force regular folks to sell and/or give up their remaining coins/tokens, and once they have a controlling share, they can shut it all down if they wanted, or consolidate and even rename and/or revalue all of it. Or if they have created their own blockchain(s) and coins/tokens, make theirs the main one(s).

  7. #5677
    raiders72001
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    Quote Originally Posted by louisvillekid View Post
    [HEAVY META

    How virtual real estate is creating real-world value in the metaverse

    Even though Facebook has gone all in on Meta, most of us aren’t exactly living in the metaverse quite yet (unless you count Zoom meetings). But at least one segment of our future digital universe is attracting some pretty tangible valuations — this past week saw record-breaking NFT real estate sales in virtual worlds like Decentraland and crypto games like Axie Infinity. So why are people shelling out for digital properties? And what exactly is the metaverse? Let’s dig in.

    A plot of virtual real estate in the 3D world Decentraland just sold for $2.43 million, more than doubling the previous record from June. The buyer, Decrypt reports, was an “NFT-based virtual real estate company” called Metaverse Group, which intends to use the property to "facilitate fashion shows and commerce within the exploding digital fashion industry.”
    The NFT game Axie Infinity also set a new record, after “extremely rare” in-game land sold for $2.48 million. The virtual “Genesis” property is highly desirable for its central location on the game’s map and its scarcity — there are only 220 Genesis plots within the game’s 90,601 plots. The trailblazing play-to-earn game, which involves raising and battling Pokémon-like creatures called Axies and earning crypto rewards, was the best-selling NFT collection in the third quarter of 2021, with trade volumes topping $2.5 billion.
    But what is the metaverse, exactly? Depends on who you ask. The word “metaverse” comes from sci-fi pioneer Neal Stephenson’s 1992 cyberpunk novel Snow Crash, and most people seem to agree that the metaverse will one day evolve into an all-encompassing, persistent virtual world like the one that Ready Player One imagines. For now, it’s a catchall term for technologies that point in that direction, including everything from people in Venezuela making a living playing Axie Infinity, to virtual fashion shows in Decentraland, to legacy brands like Nike pursuing virtual goods.
    Why it matters… The metaverse is already seriously valuable territory — a recent report from crypto-fund giant Grayscale pegged the total market value somewhere north of $1 trillion. And with many of the world’s biggest companies making serious metaverse plays, that number seems likely to grow. It’s also worth noting that — despite the recent buzz — immersive digital universes have existed before. As The Wall Street Journal notes: “Some of what’s been said about the metaverse in the past year could be ripped straight from the late 2000s, when proto-metaverse Second Life enabled, for millions of users, much of what is currently claimed as new.”]
    Land in Decentralland and The Sandbox is becoming more and more valuable as celebrities have entered the space. Axie Infinity has a huge player base and that's become popular. Other gaming land will be the next to create millionaires such as land in Illivium. The next boom after that will be sites that bring augmented reality to the metaverse. I see the land there being very valuable.

  8. #5678
    raiders72001
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    Quote Originally Posted by Optional View Post
    Govt has had a working group on migration from hard currency to electronic for a while already.

    They wont let the USD just crash n burn. I believe it will just move to a crypto version itself.
    Definitely see a transition to a national digital currency in the US. Bitcoin can't be stopped but the US isn't going to allow privacy coins.

  9. #5679
    onetrikpony
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    Bitcoin volatility imminent as US banks look to recognize $BTC as collateral for institutional loans! Analyzing on-chain data and long term trends. Is the BTC super cycle still possible?

    Fear and Greed Index for 12/3 next update happens Friday 12/3 and everyday at 7 pm eastern Midnight UTC
    Historical Values
    Now
    Fear
    31
    Yesterday
    Fear
    32
    Last week
    Neutral
    47
    Last month
    Extreme Greed
    76

  10. #5680
    Optional
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    Quote Originally Posted by raiders72001 View Post
    Definitely see a transition to a national digital currency in the US. Bitcoin can't be stopped but the US isn't going to allow privacy coins.
    For sure. China will probably look open minded in comparison to US trying to wipe out competition for it's own digital dollar.

    I suspect the market will adapt to whatever they do anyway though.

  11. #5681
    biggie12
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    Raiders my betcoin now limited to 50 Dmbtc a play. No one wants my action I dont get it lol.

    cloudbet you heard of them?

  12. #5682
    Optional
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    Quote Originally Posted by biggie12 View Post
    Raiders my betcoin now limited to 50 Dmbtc a play. No one wants my action I dont get it lol.

    cloudbet you heard of them?
    They take huge bets and not much kyc, until they do. So they attract a lot of funny money, which results in them seeming to be overly suspicious sometimes when any sort of problem comes up.

  13. #5683
    trobin31
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    We are either on cusp of nuking or greatness...the anticipation is making me moist

  14. #5684
    raiders72001
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    Quote Originally Posted by biggie12 View Post
    Raiders my betcoin now limited to 50 Dmbtc a play. No one wants my action I dont get it lol.

    cloudbet you heard of them?
    I'd stay away from Cloudbet. Send a support ticket over to Betcoin and tell them who you are.

  15. #5685
    trobin31
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    Okay, not words you probably want to hear, but BTC is in a really bad spot, lost an anchor support which has held since March 2020...I don’t see whale wallets coming in heavily...

    I know a lot of on chain metrics outside of Pi Cycle haven’t called the top....but TA is BAE and these on chain metrics can’t compare to 100 years of technical analysis.

    anyway, if we can regain 55k and lift off then sweet, but if we get rejected I’ll likely sell half my BTC bags to reload the bottom.

    shorts are already piling in like retards so we may get a fake out short squeeze which would be nice, but regaining 55-59k is critical or it’s GG...

  16. #5686
    biggie12
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    Quote Originally Posted by Optional View Post
    They take huge bets and not much kyc, until they do. So they attract a lot of funny money, which results in them seeming to be overly suspicious sometimes when any sort of problem comes up.
    it's funny I'm getting limited on these coin sites without kyc faster then the kyc regular fiat sites it doesn't make much sense. Stake I'm down to .1 LTC max after they asked me to kyc I don't get it going back to pinnacle soon just liked betting the coins over using fiat

  17. #5687
    Lex_icon
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  18. #5688
    ChuckyTheGoat
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    Yes, lex. A few comments:

    1) Holy shit, Volatility thru the Roof.

    2) Not opining on whether this thing is going Up or Down.

    3) Just remember one thing: Any time you watch a video where someone is giving an opinion...there's a reason for it. They're trying to form YOUR opinion.

  19. #5689
    ChuckyTheGoat
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    Would like to see a website with:

    *Michael Saylor: Blood Pressure monitor.

    Imagine the swings this guy goes thru.

  20. #5690
    onetrikpony
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    leverage liquidations,evergrande again, weekend manipulation,omicron scare who the hell knows We will overcome this and rise from the ashes

    “Everybody has a plan until they get punched in the face.”-Mike Tyson.


    I think Iron Mike clearly nailed it when he said those eleven words. They speak volumes in life as they do in business. Even the best strategists have to be prepared for the unexpected.

    Core holdings fine as avg cost on btc eth dot ksm aave luna sol and most other majors low enough this dip is nothing. Some stops hit on lower cap alts but that is just forced profit taking
    Plenty in reserve to buy lower.I'm not scared
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  21. #5691
    themike78
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    Bitcoin going down fast. It will go down even more tomorrow and by Monday morning will only by worth about 2 cents. Have a nice weekend.

  22. #5692
    ChuckyTheGoat
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    M78...you win this round FOR SURE. Have a nice wkend, pal. Hope I have a few bucks left by SUN nite.
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  23. #5693
    raiders72001
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  24. #5694
    raiders72001
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    Some whales just made a lot of money. Crazy one hour movements.
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  25. #5695
    ChuckyTheGoat
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    Quote Originally Posted by raiders72001 View Post
    Some whales just made a lot of money. Crazy one hour movements.
    +12% off the bottom.

  26. #5696
    onetrikpony
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    This isn't fun and no body likes to see portfolio down 25% in a day it is especially painful for new people in crypto but some of us remember this
    For those of you who were not holding Bitcoin in March 2020, this is kinda what it felt like (lite version).Except back then we sold off 38% in a day after an attempted recovery from a 2yr long bear market, rather than today's 21% from near ATHs.

    March 12-13 bitcoin was under $4000, Eth was $100-$125, BNB in $10 range, ADA .03,Link $2, things like DOGE were almost free .0011 and the list goes on and on Those are the times to buy .Someone on one of these crypto threads wanted to know how you become a crypto millionaire.That is when millions can be made.That is when you buy as much as you can That is why a 30% or even a 50% dip at this point in the game doesn't faze us.

  27. #5697
    raiders72001
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    Starting to get news on what happened. $1.7b BTC longs were liquidated.

  28. #5698
    ChuckyTheGoat
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    Quote Originally Posted by raiders72001 View Post
    Starting to get news on what happened. $1.7b BTC longs were liquidated.
    Thx, Raiders. Plz tell more. What do u think the implications are?

  29. #5699
    GunShard
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    Quote Originally Posted by onetrikpony View Post
    This isn't fun and no body likes to see portfolio down 25% in a day it is especially painful for new people in crypto but some of us remember this
    For those of you who were not holding Bitcoin in March 2020, this is kinda what it felt like (lite version).Except back then we sold off 38% in a day after an attempted recovery from a 2yr long bear market, rather than today's 21% from near ATHs.

    March 12-13 bitcoin was under $4000, Eth was $100-$125, BNB in $10 range, ADA .03,Link $2, things like DOGE were almost free .0011 and the list goes on and on Those are the times to buy .Someone on one of these crypto threads wanted to know how you become a crypto millionaire.That is when millions can be made.That is when you buy as much as you can That is why a 30% or even a 50% dip at this point in the game doesn't faze us.
    That's why I have a solid investment rule for everyone to never buy after an all time has been reached.
    When Bitcoin reached an all time high on November 8th, don't buy any crypto past November 8th until the market crashes in a bear market which is happening now.

  30. #5700
    raiders72001
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    Quote Originally Posted by ChuckyTheGoat View Post
    Thx, Raiders. Plz tell more. What do u think the implications are?
    Wish that I knew. My game is to get in the proper sector before mainstream YouTubers (DeFi then metaverse) and picking the best coins within that sector. Also, I feel that I have a good handle in the short term based on current news along with on-chain metrics. Right now I'm stumped. The only thing that I feel very confident in that it's best to be in BTC and metaverse/gaming. At this time, there isn't much upside to getting in other coins but there is a big downside. On the other hand, nothing is going to stop the best gaming tokens with utility.
    Last edited by raiders72001; 12-04-21 at 06:32 AM.

  31. #5701
    BeatTheJerk
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    Quote Originally Posted by raiders72001 View Post
    Starting to get news on what happened. $1.7b BTC longs were liquidated.
    Those assholes just took all my profits overnight lol, unreal. I bought in @ 47k. The wealthy will always have an advantage in any market.

  32. #5702
    bigtymer56
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    Sorry family, no Xmas presents this year...have to buy the dip.
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  33. #5703
    BeatTheJerk
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    This is a Biggie12 whale payout party going on right now. Congrats the rich get richer !

  34. #5704
    JAKEPEAVY21
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  35. #5705
    pablo222
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